You believe in the power of compounding and decide to save $1 per day by avoiding the purchase
of a soda. You deposit the $1 at the end of each day in a bank account that pays 8% interest
compounded daily.
You are going to take a trip in 20 years with the money you have accumulated.
How much money will you have in 20 years, assuming 365 days per year?
A) $7,500 B) $18,032 C) $12,438 D) $22,456
B
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The Securities and Exchange Commission (SEC)
A) regulates both primary and secondary markets. B) regulates initial public offerings, but not seasoned equity offerings, in the primary market. C) regulates only initial public offerings, or IPOs. D) regulates only primary market transactions to ensure investors are provided with adequate and accurate information on new securities.
&B Designs has been in the landscape design business in Pleasantville for the past twenty years. As the "first mover" in the market, the company has built a strong market share over the years and is the best-known firm in the area
The company strength increased steadily, and now stands at fifty employees. Which of the following, if true, would make the company's business environment more uncertain? A) Homeowners in the area take pride in their gardens and are avid do-it-yourself gardeners. B) Demand for landscaping services dips every autumn and winter. C) A long-time competitor quit the landscape design business last year. D) Zoning laws in the area change as each new city council comes into power.